The highest volumes for Friday went to: Kansas City Southern, Santander Consumer USA Holdings Inc., Duke Realty Corp.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Dow Jones closed the day at 32,400, having gained 1.26%. S&P 500 gained 1.36% and closed at 3,770.55.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
Price action was mostly bullish Friday with some large cap and over stocks recording abnormally high trading volumes. Here's a recap:
Kansas City Southern | 217% above rolling average Bearish Kansas City Southern declines $5.05 (1.69%)
Friday's trading volume peaked at 40.65 million shares, thereby blitzing the daily average of 18.69 million by 217%. Kansas City Southern went down to $293.59, after ending Thursday at $298.64. Overall, a 1.69% move or $5.05 Friday.
The stock has been trending positively for about 10 months. The company has a market cap of $26.71 billion with an average daily trading volume of 18.69 million shares. Kansas City Southern is forecasted to generate revenues of $761.57 million and EPS of $2.16.
Santander Consumer USA | 228% above rolling average Santander Consumer USA maintains composure within $41.51 to $41.73 range
Friday's trading volume peaked at 9.81 million shares, thereby blitzing the daily average of 4.31 million by 228%. Santander Consumer USA closed a flat day of trading at $41.6 Friday after ending Thursday at $41.59.
Trading mostly sideways for 1 year, 4 months. So far in 2022 it has been beating the Nasdaq by 50.82%. The company's market cap is $12.73 billion with an average daily volume of 4.31 million shares. Santander Consumer USA expected revenue of $1.93 billion with an EPS of $1.4.
Duke Realty | 356% higher than rolling average End of a slump? After nine days of going down, Duke Realty up 0.48% Friday
With 41.77 million shares traded Friday, Duke Realty beat its daily average by 356% to cap off a frenetic trading day. Duke Realty rose 23 cents to close at $48.2 Friday which makes for a move of 0.48%.
Duke Realty is now trading 22.49% below its 3-month high of $65.64. The S&P has been doing worse in 2022, it has been passing it by 2.15%. Duke Realty has a market cap of $18.74 billion with an average daily volume of 11.74 million shares. $280.15 million was Duke Realty's last reported revenue with 27 cents being the current EPS.
— Average trading volume refers to a 21-day rolling average.